EPAM Systems Inc (EPAM)

Interest coverage

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020
Earnings before interest and tax (EBIT) (ttm)	US$ in thousands	547,306	533,288	488,161	508,036	519,063	597,731	645,726	615,250	586,384	545,171	494,251	487,722	511,141	462,117	437,154	405,889	371,950	345,284	321,289	315,723
Interest expense (ttm)	US$ in thousands	0	2,305	2,305	2,305	4,610	6,688	10,916	12,495	10,355	10,328	11,425	9,846	9,681	7,378	2,053	2,053	2,053	0	0	0
Interest coverage		—	231.36	211.78	220.41	112.60	89.37	59.15	49.24	56.63	52.79	43.26	49.54	52.80	62.63	212.93	197.71	181.17	—	—	—

December 31, 2024 calculation

Interest coverage = EBIT (ttm) ÷ Interest expense (ttm)
= $547,306K ÷ $0K
= —

Interest coverage ratio measures a company's ability to cover its interest payments with its operating income. A higher ratio indicates that the company is more capable of meeting its interest obligations.

For EPAM Systems Inc, the interest coverage ratio was not available for the periods ending March 31, June 30, and September 30, 2020. However, from December 31, 2020, onwards, the interest coverage ratio improved significantly, reaching a peak of 231.36 on September 30, 2024. This steady increase in the interest coverage ratio reflects the company's strong ability to meet its interest obligations with its operating income during the timeframe analyzed.

It is important to note that for December 31, 2024, the interest coverage ratio data was not available. Overall, EPAM Systems Inc's interest coverage ratio trend indicates a favorable financial position in terms of its ability to cover interest payments, showcasing a positive outlook for the company's financial health.